Orange, CA (PRWEB) April 9, 2010
First California Mortgage Company (First Cal) announces Daniel Rawitch, an acclaimed mortgage industry executive, has joined the company as Director of Retail Loan Production.
“We’re excited to have Dan on the team and for the perspective he brings to the company,” said Michael Lamka, Chief Production Officer for First Cal. “Dan’s challenge is to grow the retail division into a world-class organization that delivers on our vision of re-inventing the way lending is done.
“Although the coming years offer many challenges, we believe that the market is receptive and that Dan has the credentials and the experience to make it happen,” added Lamka.
“First Cal is incredibly well positioned as a lender and has the experience and the resources to become a market leader in retail lending,” said Rawitch when commenting on his appointment. “I believe that the experience and commitment of the leadership team combined with the culture of success will create rapid growth in the retail channel.”
Rawitch began his career in mortgage finance in 1979 as a retail loan officer. He rose through the ranks to become chief executive officer of RPM Mortgage / FiNet Holding Company, a publicly traded company with market capitalization of more than $1 billion. During his tenure, which lasted from 1990 to 2003, FiNet acquired and integrated Monumment Mortgage in Walnut Creek, Calif., a highly-regarded FNMA / FHlMC seller-servicer.
Rawitch was also executive vice president of WMC Mortgage Corporation (later GE Money Bank) from 2003 to 2006, where he led national loan production and operations, generating $3 billion per month in loan production.
An author and frequent speaker at national industry trade association events, Rawitch is also an instrument-rated pilot with more than 2,000 flight hours. He lives in Southern California with his wife and youngest daughter. Two grown daughters live in Northern California.
About First Cal
Throughout its 33-year history, First Cal and its affiliates have funded more than $200 billion in residential loans across the U.S. Today, First Cal is an approved FNMA Seller/Servicer, an approved HomePath Lender, and is licensed to lend in eight states: including Arizona, California, Colorado, Hawaii, Idaho, New Mexico, Oregon and Washington.
First Cal specializes in high quality, fully-documented conforming, jumbo, FHA and VA loans. It is a Fannie Mae direct lender, a HUD Non-Supervised Title II Full Eagle Lender and an approved national correspondent for most of the largest U.S. banks. The company maintains its headquarters in Petaluma, Calif. and is privately owned. It is located on the Web at http://www.firstcal.net.